Bitcoin price gains 3.5% as US PCE data supports shrinking inflation
A swift leg-up for BTC price action nonetheless fails to crack the week-long trading range so far. Go to Source Powered by WPeMatico
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Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech
Daily lows greet Bitcoin traders as markets await fresh macro cues from the Fed. Go to Source Powered by WPeMatico
Tornado in the Coal Mine — How Globalists Plan to Penalize Privacy and the Poor
No privacy. No property. No prosperity. If you follow the news, you’ve seen the trend — putting legal limits on cash transactions, the emergence of surveillance-oriented, central bank digital currencies (CBDCs), and more recently, crypto mixing platform Tornado Cash being sanctioned by the United States Treasury. There is a new wave of propaganda increasingly demonizing … Read more
Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises
The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to … Read more
Wen moon? Probably not soon: Why Bitcoin traders should make friends with the trend
Recurring bear flags and the Fed’s telegraphed monetary policy are painting a roadmap for BTC’s future price action. Go to Source Powered by WPeMatico
Bitcoin sits at range high as realized price sparks BTC ‘macro signal’
Interesting signals are being printed by several more chart indicators this week, all of which have proven to be bear market bottom markers. Go to Source Powered by WPeMatico
Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam
Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend on other factors to attenuate the effects … Read more
Latest Ghana Benchmark Rate Hike the Largest on Record — President Promises Action Against ‘Unacceptable Depreciation of the Cedi’
After seeing Ghana’s inflation rate surge to 31.7% in July, the Bank of Ghana responded by hiking the benchmark interest rate by 300 basis points. In addition to the rate hike, the central bank said it will gradually raise banks’ primary reserve requirements. One expert has said President Nana Akufo-Addo must trim the size of … Read more
Stifel Financial: 97% of US Executives Surveyed Are Bracing for Recession
A survey by NYSE-listed Stifel Financial shows that most executives are bracing for a recession in the U.S. In addition, “53% of respondents believe that inflation will be an issue for the next two quarters to a year.” Most Executives Surveyed Say Recession Cannot Be Avoided Stifel Financial Corp. (NYSE: SF) announced the results of … Read more
BTC miners exit capitulation — 5 things to know in Bitcoin this week
Miners are a glimmer of hope in a barren Bitcoin landscape this week ahead of a key Federal Reserve event. Go to Source Powered by WPeMatico